Security, Usability, Look & Feel - How user-friendly is the Plus500 site?
Whenever you are looking to transact with an online service, your security should be your number one concern. To protect their client base, Plus500 maintains strict measures that are put in place to avoid any theft or fraud. All accounts are verified when signing up and ID proof is required before an account can operate. There is also the Client Money Protection in place that guarantees no client funds are used for hedging, all the funds are held in segregated trust accounts, no speculative market positions are initiated and finally, there is protection if Plus500 goes into liquidation.
Plus500 Highlights
- A licensed provider
- No hidden fees
- User-friendly platform
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The webpage put on offer by Plus500 is neatly designed. It has a modern appearance with a predominant blue and whie colour scheme. The tab layout at the top allows any customer to navigate the site and find the necessary information you need about the service. Finally, the website is secured by SSL encryption to keep all customer and company traffic protected while using the site. There is a very limited amount of images used within each section allowing the pages to load very quickly.
How To Trade – Our top tips for Plus500 CFD trading
Plus500 is available once you have created an account with the online service provider. This can be done by clicking on the ‘Start Trading’ button in the top right-hand corner of the page. You will then need to submit all your details and verify your email address to gain access to your account page within the service. Plus500 CFD trading is similar to the other trading offers out there and this process will be a necessity with each of them.
Once your email address is confirmed, you will need to go through ID verification to ensure that your account is legitimate and you are not trying to misuse the service. Once your account has been verified, it is now time to choose one of the supported payment methods and begin transacting with Plus500. Depending on your chosen payment method, you may have to pay a small fee before the funds are processed and each method will also have a processing period before the funds are credited to your Plus500 account. To begin trading with Plus500 is you have to create an account, but if you would like to take a look at another trading option, head to our
IG crypto trading
page.
| Company |
Plus500 Ltd |
| Headquarter |
Building 25, Matam Haifa, 31905 Israel |
| Year of Founding |
2008 |
| CEO |
David Zruia |
| Website |
www.plus500.com |
| Available Languages |
English, German, French, Italian, Spanish, Russian, Polish, Dutch, Swedish, Portuguese, Norwegian |
| Customer Support |
Live Chat, Email Support |
| Email |
service@plus500.com |
| Phone |
– |
| Licence |
250/14 |
 |
| Verified by |
– |
| Payment Methods |
+
|
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Payments - What payment options are available at Plus500?
Providing a comprehensive service would not mean much if customers are not able to transact with the Plus500 service. If you are interested in the Plus500 CFD Australia market, you will need to have access to one of the supported payment methods that are available before you are able to purchase any of the cryptocurrencies. The majority of traditional payment methods are covered with some e-wallet support as well. You will be able to transact with Plus500 if you have a VISA or MasterCard debit/credit card. Bank transfers are also covered and any PayPal or Skrill users will also be able to make withdrawals and deposits.
As with any online transaction, there may be minor credit card fees that are incurred and for the most part, Plus500 absorbs this fee. If the fee is over the top, it will be stated on your transaction receipt. There will also be transactional fees that apply to the majority of payment methods and these should always be researched before committing to the service.
Customer Service - 24/7 live chat available at Plus500
A major aspect of our Plus500 review would be the customer service that the company has put on offer to its customers and anyone interested in signing up with them. To rank a customer service team, the amount of contact methods, efficiency of the service and general interactions are all looked at. A great representative will be friendly and informative.
With Plus500, you will find an extensive FAQ that has been put together which will most likely include the issue or query that you may have. This FAQ includes just about any question related to Plus500’s service but on the scarce occasion that you can’t find your answer, there is also a dedicated support email address that can be used to detail your issue. There is also a live chat feature available to Australian customers, and you can also contact them through WhatsApp. Plus500 support team can be contacted by any of the three methods, email, chat and WhatsApp, 24/7.
License & Security - A secure and reliable crypto brokerage
A license would need to be obtained by any broker to operate as an authorized financial service provider and our Plus500 review 2024 found that they have managed to obtain the necessary license from the Australian Securities and Investment Commission (ASIC) with the license number #417727. This license is all that is required to operate as a legal financial service provider within Australia and Plus500 would need to adhere to established guidelines s in order to obtain this license.
In terms of security, Plus500 CFD trading has ensured that all data that is transferred via their site, as well as customer funds are protected. This is done by their Client Money Protection program which makes use of security measures to avoid any cases of theft. The site is also SSL encrypted to keep data safe. To see just how these licenses and security measures compare with other brokers on the market, head to our
FX Open crypto
page.
Reputation and customer feedback – Check out user reviews before signing up
This Plus500 CFD review was conducted with the same procedure as all of the reviews here at TradersBest.com. The service experience is only limited to what our team experienced while testing the broker’s offer. While browsing through some of the customer feedback platforms, it must be noted that there are a number of negative experiences out there. Online customers generally review any service quite harshly and if you have any concerns, it would be best to address them with Plus500’s customer service team before signing up.
Overall Conclusion - Among the best in the crypto trading industry
Our Plus500 2024 has found that the broker can definitely be considered among the best in the industry. The impressive range of instruments available should provide all customers with plenty of opportunities to trade in their preferred markets. The company has managed to obtain the necessary license to operate confidently in Australia and the security measures that have been put in place should serve as a comfort to any of their customers. To find out just how Plus500’s service compares to another broker, head to our
XM.com review Australia.
